Paytm Vows Compliance Amid SEBI's Administrative Warning Over RPTs

Paytm has responded to a SEBI warning regarding excess related party transactions with PPBL during FY 2021-22. The company claims adherence to regulations and plans to address SEBI's concerns while assuring stakeholders of no impact on its operations.

India's leading payments and financial services platform, Paytm, faced an administrative warning from the Securities and Exchange Board of India (SEBI) regarding excess related party transactions (RPTs) conducted in FY 2021-22 without requisite approvals.

In defense, Paytm asserted that it has rigorously complied with all listing regulations, including updates, and confirmed its intent to respond comprehensively to SEBI. The company emphasized its commitment to regulatory standards and assured that the warning would not affect its financial or operational activities.

SEBI's letter outlined the discrepancies in Paytm's compliance concerning material RPTs. Paytm, stressing its dedication to transparency and integrity, aims to improve compliance measures to prevent future issues, ensuring shareholders and stakeholders of continued adherence to corporate governance standards.